Ray-Ban’s saviour aims to build US$4bil Italian finance empire


LONDON: Discount stores and tobacconists were just a few of the everyday places hawking Ray-Bans before Leonardo Del Vecchio got his hands on one of the world’s top-selling sunglasses.

His Luxottica Group bought the money-losing brand in 1999 and ruthlessly overhauled it by halting sales, switching manufacturers and then reopening distribution to just a few select outlets.

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